Johnny Tran
2 units BUT 1 Electric and water meter. HOW TO
Looking for all suggestions and open to ideas. I have a property that consist of 1 building, split legal 2 unit (front and rear). Front is spacious 2/1 and a large studio in the rear. As stated in the title, the uni...
John Moore
Rent increase during state of emergency
Hello all. Recently I acquired my first duplex house hack here in Sacramento, CA. My current tenant was paying way below market rent, but do to the state of emergency I’m only able to raise rent %10. Now the previous ...
Ryan Leake
STR Data in Austin, TX - # of Guests, Average Daily Rates, Occupancy %...
This week's post goes out to the data-driven folk...First, let's talk about two key metrics: Average Daily Rate (ADR) and Occupancy Rate (%).Understanding ADR: Maximizing Rental IncomeThe Average Daily Rate (ADR) is a...
Tom Server
garage being used as storage
So I'm in the process of purchasing my first triplex. The property currently had 3 tenants paying under marker value.. I'm still cash flowing. My questions is 2 of the units contracts are up on Feb 2024 and the other ...
Misael Carlos Vera
Section 8 Utilities
Hey everyone,I'm house hacking my first property in Chambersburg, PA. When I move out I hope to make it a section 8 rental. I researched fair market rent (FMR) and a 2 bedroom unit rents for $897/month in Franklin Cou...
Dilman R.
Utilities Included in Rent During House Hack
Hello BP,I am having trouble deciding including utilities as a flat fee in the rent. I know utilities fluctuate based on usage, the season and the market (I'm in Connecticut) but since I'm house hacking, and only one ...
Pat Jackson
Including vs. splitting utilities in small multifamiles
Up until yesterday I've always thought it was ideal to split as many utilities as possible, always. My thought was this, if a faucet is dripping (or worse) I want them to think "I'm paying for that water" and either ...
Daniel Soovajian
Question about including prepaid insurance in calculations
Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.)...
Steve Uhlig
Estimating Closing Costs in Pennsylvania
Hello Investors,I am looking at 1-4 unit deals in South East PA outside of Philly. My question is about estimating total settlement costs as the buyer. The settlement charges consist of 2 main categories: closing co...
John Montgomery
closing costs on refi
Hi BP,
I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going th...